Domestic brokerage firm Kotak Institutional Equities has initiated coverage on Coforge with a target price of Rs 6,000 an upside potential of 11% as they found the company to be a consistent performer with a potential to reach greater heights. “Coforge displays many traits of a well-run, ambitious mid-tier firm and can scale up to … Read more
Sudhir Singh, CEO, Coforge, says “the retail vertical of the merged entity is going to be operating almost immediately at about $100 million per annum. The healthcare and the high-tech verticals of the merged entity from day one will be operating at about 50 million US dollars, in some cases more than that as well.” … Read more
Shares of Coforge, which was earlier known as NIIT Technologies, fell nearly 10% on Friday to the day’s low of Rs 4,505 on BSE after the IT company reported weak Q4 results in which both revenue and margin missed estimates. Jefferies not only downgraded the stock to underperform but also slashed its target price by … Read more
Coforge Ltd, part of the IT industry, has rallied more than 30% in the last 3 months, which helped the stock to break out from a Saucer pattern on the weekly charts. The breakout has opened room for the stock to head towards 7000 levels in the short to medium term, suggest experts. The stock … Read more
